$65.30 Million in Sales Expected for Franklin Street Properties Corp. (FSP) This Quarter

Equities analysts expect that Franklin Street Properties Corp. (NASDAQ:FSP) will announce sales of $65.30 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Franklin Street Properties’ earnings. The lowest sales estimate is $65.09 million and the highest is $65.50 million. Franklin Street Properties posted sales of $66.84 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 2.3%. The firm is expected to issue its next quarterly earnings results after the market closes on Tuesday, February 12th.

According to Zacks, analysts expect that Franklin Street Properties will report full year sales of $265.68 million for the current fiscal year, with estimates ranging from $263.57 million to $267.79 million. For the next fiscal year, analysts anticipate that the company will report sales of $265.91 million, with estimates ranging from $261.15 million to $270.66 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Franklin Street Properties.

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A number of equities research analysts have weighed in on the stock. BidaskClub upgraded shares of Franklin Street Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, February 5th. B. Riley upgraded shares of Franklin Street Properties from a “neutral” rating to a “buy” rating in a research note on Thursday, November 1st.

Shares of NASDAQ:FSP traded up $0.19 during midday trading on Monday, hitting $8.01. The company’s stock had a trading volume of 214,900 shares, compared to its average volume of 364,825. Franklin Street Properties has a 12-month low of $5.87 and a 12-month high of $9.65.

About Franklin Street Properties

Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on investing in institutional-quality office properties in the U.S. FSP's strategy is to invest in select urban infill and central business district (CBD) properties, with primary emphasis on our five core markets of Atlanta, Dallas, Denver, Houston, and Minneapolis.